Ibnu Qayyim quoted that the Prophet said “the days will come where people will practices riba in the form of selling and buying transactions”.
From the above Hadith by the Prophet, it is obviously that Bai’ul Inah is not allowed and disliked by the Prophet since it was one form of riba practices.
Ibnu Qayyim (691H/1292M – 751H/1350M) was a respected Fiqh scholar during his time. Among his contributions are in the Islamic Economic System.
Even One of the cause of the fall of Islamic Empire was the practice of riba’ in the form of selling and buying and also ignoring the welfare of the needy. In this case, the practice of Bai'ul Inah was practiced freely as a medium to give out and receive loan and charging interest.
Wallahua’lam.
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